The Europe, Middle East & Africa (EMEA) Financial Crimes team is responsible for Anti Money Laundering (AML) monitoring, providing advice for KYC requirements and sanctions screening for all EMEA booked activity across the Corporate & Investment Bank (CIB) businesses. The team’s role is part of the financial crime objective to:
- Identify suspicious activity and report to law enforcement
- Prevent clients being on boarded or being maintained that create money laundering or reputational risk to JPMC
- Ensure JPMC does not maintain accounts or facilitate transactions involving sanctioned countries, parties or individuals.
The team works in partnership with colleagues in US and Asia Compliance, local EMEA in-country Compliance teams and client focused staff in the lines of business.
This role is new and has been created to support the banks financial crimes program, particularly in the areas of KYC policies and standards, exam management, governance, management information and co-ordination of activities and FC staff across non-UK locations.
Duties and Responsibilities
- Know Your Customer (KYC) Policies, Standards and supporting technology development – regional input to global program, regional dissemination and engagement;
- Suspicious Activity Reporting (SAR) Governance – regional quality control, significant SAR liaison with US;
- Exam Management/Regulator Liaison – managing exams, reviews and audits which encompass facets of Financial Crimes Compliance across the EMEA region;
- Governance – EMEA Financial Crimes policy, procedural and forum governance & control;
- Management Information (MIS) – driving MIS disciplines across the EMEA FC agenda;
- Non-UK FC Compliance Officer – management/liaison/coordination;
- Training – liaison with EMEA and Global FC Compliance training functions. Co-ordination, development and delivery when required.
As a member of the Global Financial Crimes Compliance Team, the individual will be based in Paris and will be responsible of the same role in Brussels and Amsterdam also.
This role will cover all lines of business in the 3 locations including Investment banking, Markets, Private Bank and Asset Management.
There will be a local reporting line into the Head of Compliance for the location and a functional line to the Regional Head of Global Financial Crimes Compliance based in London or one of his direct reports.
The role will cover the relevant aspects of Financial Crimes Compliance including AML, Sanctions, CTF and Bribery and Corruption working with the regional advisory and core staff based in the UK. In detail, the role covers:
- To keep all governing bodies and businesses appraised of the financial crimes related topics and regulatory changes in these jurisdictions and provide them with guidance on the interpretation and application of the requirements
- To implement the group procedures and systems for the AML and CTF and for compliance with sanctions and financial embargoes and bribery and corruption requirements and to develop any local procedure as required
- To participate in group projects as appropriate
- To provide ongoing support and advice to the business on financial crimes issues, and alert management on risks;
- To participate in the financial crimes risk assessments at location levels;
- To provide educational trainings on financial crimes related subjects to locally based staff and assist in building a general climate of financial crimes awareness;
- To act as a primary point of contact for the financial intelligence units (Tracfin, CTIF, FIU-Nederlands) and to maintain co-operative relationships with them;
- To produce AML regulatory reports;
- To build investigations files and fill suspicious activity reports as appropriate
- To attend industry forums on AML and sanctions
- Chair anti money laundering task forces within the locations and draft minutes;
Requirements / Qualifications
- Experience in the financial services industry – preferable wholesale banking business
- Relevant experience of Compliance activities particularly in relation to AML/ Sanctions preferred
- Good understanding of risk analysis processes
- Bachelor’s degree (or equivalent) required or evidence of comparable academic / work achievement
- Strong interpersonal, communication, leadership, presentation and influencing skills
- Analytical mind
- Ability to prioritize multiple tasks, work under pressure and meet tight deadlines
- Ability to summarize complex topics concisely and drive practical outcomes
- The ability to make sound decisions, including escalation when appropriate, in regard of AML or sanction risk
- Evidence of working on the delivery of projects or implementing process change required
- To work without supervision and act on own initiative to identify tasks to be undertaken.
- Ability to build strong working relationships with central and business aligned functions across the region and co-ordinate delivery across functions of Financial Crimes Compliance requirements
About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at http://www.jpmorgan.com/.
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer